Dan Pham - Offering FHA, VA, & Jumbo Loans

Fha Streamline Refinancing

The FHA Streamline is a very quick, easy, low-to-no-cost refinance program for homeowners with good payment history on their existing FHA loans taken December 2008 and prior.

Want to get back in front of your clients? How about some financially beneficial information that will reduce their interest rates from 6-7% down to 3-4%.

Check out the info posted late last night on my blog:

http://activerain.com/blogsview/1195030/fha-streamline-in-california-danincontracosta

FHA Streamline in California

FHA Streamline in California is a very quick, easy, low-to-no-cost refinance program for homeowners with good payment history on their existing FHA loans. An FHA Streamline in California for many homeowners who recieved their FHA loans anytime before December 2008 will refinance their interest rates from 6-7% to a 3-4%, possibly saving tens if not hundreds of thousands of dollars on their principle and interest payments over the life of the loan. I'm pretty excited about this program since my own company specializes in FHA and the FHA Streamline in California that we do offer some of the most value in our industry. In order to close an FHA Streamline in California, this is what you need:

• The home loan to be refinanced must already be FHA insured.
  
  
• The mortgage to be refinanced should be on time with no more than two 30-day lates (not delinquent).
  
  
• The refinance MUST lower monthly principal and interest payments.
  
  
• No cash may be taken out on Fha Streamline in California

The FHA Streamline in California may be the cheapest and fastest refinance you'll ever get. If you don't at least look at your options, you are leaving money on the table! Here are some additional "spiffs":

1. No Appraisals for the FHA Streamline in California!
   
   
2. No Chasing down W2s, it's all streamlined!
   
   
3. No Qualifying Debt ratios
   
   
4. No Income verification
   
   
5. 10, 15, 20, 25, 30 year loan repayment options, fixed and adjustable
   
   
6. No Credit Underwriting
   
   
7. No FHA Streamline in California can be legally done unless it lowers the payment. This protects the consumer as with all FHA loans.

Why was the FHA Streamline in California created?

1. The borrower will be able to refi an existing FHA under current underwriting criteria without the cost for appraisal
   
   
   
2. Upside-down homeowners would get the new lower rate loans (part of the stimulus program).
   
   
   
3. Since the FHA is guaranteeing the loan already, this program strengthens the borrower's finances and allow them to be more likely to continue making their payments on time.
   
4. 
   
   
5. Why is it only for those with good payment? The savings from a streamline ($100-$300 dollars a month) would be of little help to someone who is about to foreclose.

Getting an FHA Streamline and want to make sure you're getting the best rate?
Want to see how much you can save every month?
Questions about an FHA Streamline in California?

Contact Dan Pham

or call 925-771-8900 extension 160

Fha loan in Danville, California

Fha loans in Danville, California are becoming the most popular means to buy homes in 2009. Unlike conventional loans that require 20% down, FHA loans often require very little down payment (as low as 3%). Other than determining eligibility and the Fha purchase appraisal, getting a fha loan in Danville, California is just like applying for any other loan program. There are five easy steps to getting a FHA loan in Danville, California.

1. Verify your credit record, have enough cash reserves to close the loan, and have sufficient income to make the monthly payments
   
2. Get approved by an FHA-certified lender.
   
3. Find a realtor who is familiar with FHA purchases
   
4. Find a property and make an offer
   
5. Close the fha loan in Danville, California and move in.

There are tons of advantages for people that take advantage of the FHA loan in Danville, California.

• The FHA insures the mortgage, so a FHA loan in Danville, California is easier to qualify for

• Less Than Perfect Credit is taken a closer look at and even with bankruptcy, sometimes may still qualify

• 97% financing for loan amounts between $729,750 (single-family) and $1,403,400 (four-family)

• FHA loans in Danville, California have competitive interest rates because of they are government backed. Be sure to compare rates with other programs.

• No prepayment penalty

• 10, 15, 20, 25, 30 year loan repayment options, fixed and adjustable

• an appraisal that updates the buyer on the property value

• The FHA’s was created in 1934 and will continue to protect homeowners. If one encounters hard-times after buying your home, the FHA’s flexibility has many options to keep homeowners in their homes and avoid foreclosure.

What can FHA loan in Danville California be used for?

• Buying a single-family home, 2-4 unit properties, condos, double-wide manufactured homes, and modular homes

• Property must be a primary place of residence 90% of the homes value

• refinancing for cashout up to 85 percent of the home value.

• There’s also a loan for fixer-uppers and you can include all the costs in one loan.

• Or if you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.

Questions about a Fha loan in Danville, California or need pre-approval?

Contact Dan Pham
or call 925-771-8900 extension 160